Ethiopia’s Macroeconomic Imbalances Evolving into Critical Crises

BY BIRHANU FIKADE | THE REPORTER The coming of Prime Minister Abiy Ahmed to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak.

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Eritrea: Stabilizing Price to Improve Citizens’ Livelihood

BY MIRIAM TEKESTE | SHABAIT For citizens to have an improved living standard, first of all, there must be adequate supply of products. Adequate products are essential but not necessarily sufficient unless there is an even distribution of products in all parts of the country and fair prices are ensured. This is likely to stabilize […]

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Sudan Sharply Devalues Currency as Economic Crisis Bites

BY AFP Sudan slashed the official value of its currency against the US dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis. The move came just weeks after President Omar Al-Bashir replaced the government over its failure to curb economic woes including soaring food […]

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Sudan Prints New 100-Pound Banknotes to Ease Liquidity Crunch

BY REUTERS Sudan’s central bank will start printing 100 pound bank notes for the first time to ease a liquidity crisis exacerbated by rampant inflation, state news agency SUNA said on Sunday. Sudan’s economy has been struggling since the south of the sprawling northeast African country seceded in 2011, taking with it three-quarters of oil […]

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Ethiopia Restricts Foreign Travel by Officials

BY DAWIT ENDESHAW | THE REPORTER The Office of the Prime Minister issued a new circular imposing more restrictions on foreign travels by officials. In a circular signed by the outgoing minister of cabinet affairs, Alemayehu Tegenu, all government agencies are to restrict all unnecessary travels. The Office has attributed the latest instruction to the […]

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